More Market Volatility

We are writing a quick note on recent market volatility to supplement our longer piece on markets around the world. Over the past 8 years, traders and investors alike have been anesthetized by central banks providing excess liquidity. Prior to this period, market’s regularly showed volatility in the ranges of 10 and 15% pull backs. Off a July 20th high, we are down 6.49% as of yesterday’s close (1990.26) and we had an 11.58% fall relative to the September low of 1884.09 (there was an August low of 1867.61) >read more